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He could have asked some better questions.

Anyway, largely what i thought on Guident and Microsalt. On GenIP makes me push up my revenue expectations. Would have said £2 million for the 1st year. Now i think £3-4million.

Cliff sounded quite angry towards the end. Probably wondering why the SP has done so poorly.

Hi TopCatz, i don't have anything against InvestAce. He just seems a bit erratic and excitable.

I made a buy at GenIP on the day InvestAce suggested it was going to slump to 12p. I figured he looked good for a counter indicator.

I wasn't responsible for the 74k buy though. A good stock for the long term i would say.

I don't understand this idea that GenIP is the same as it was previously. It has clearly moved into a new growth phase with new products.

It must be a good thing that GenIP is out of the control of Cliff. In fact all the 5 TEK holdings are now independently financed. I don't think TEK is actually doing anything anymore. The only financing they need to raise for the immediate future is for however much Cliff thinks he should be paid.

If your theory is correct TopCatz, then that should be a source of reassurance given that they aren't value investors and just want to get their hands on their money.

It doesn't make a lot of sense to my mind. It is not as if anyone is profit taking and the only people selling are surely investors who bought in at the IPO. There has been no bad news since then, so why sell? I am not too concerned about short term volatility. At least it provides a nice buying opportunity.

InvestAce, I am not sure what you expect GenIP to say. They have already given recent interviews giving a comprehensive rundown on the immediate plans and the growth strategy, as well as the current revenue.

Overall, i think it is a very solid company. If it falls a bit more i wouldn't mind buying some. A very good buy in my opinion.

Https://audioboom.com/posts/8581117-midweek-takeaway-with-melissa-cruz-ceo-of-genip-plc-aim-gnip-gnip

This is an interesting interview. Sounds fairly promising. Says that GenIP made £85k in September which puts the current annual run rate at around £1m. About the same as Microsalt and Microsalt has a market cap around £20m compared to GenIP at around £4m. So the metrics already look pretty good for GenIP and revenue should ramp up in the next few months as they push the expansion.

I wouldn't write GNIP off just yet. It has some extremely good people involved and i think will succeed over time. Question is what is the right SP for this moment in time.

Hi Maximus, it doesn't sound enormously promising. I hadn't really thought about them for a while...

If world war 3 breaks out tonight they may pull the IPO tomorrow (maybe).

In all seriousness, it reflects my level of conviction. Very difficult to predict but i think it will go up a bit. Maybe 10%.

Https://innovationsoftheworld.com/revive-energy-solutions/

This was the most recent update in early September on the shock absorbers.

My prediction is somewhere between 20p and 100p on day 1.

My experience is that other investors aren't really interested in what price you bought or sold at.

To estimate how much market share Microsalt would need to capture to achieve a market cap of £100 million, we can make some basic assumptions based on typical market metrics for businesses in the food ingredient industry. Here’s a step-by-step approach to estimate this:

1. Determine Key Assumptions

Global Salt Market for Food Industry: As discussed earlier, the global food-related salt market is around $9-12 billion per year.

Company Valuation-to-Revenue Multiple: For food ingredient companies, a valuation-to-revenue (P/S ratio) can vary depending on factors like growth potential, profitability, and innovation. For smaller, high-growth companies like Microsalt (which offers innovative low-sodium salt solutions), this multiple could be around 3-5x revenue.

This means if Microsalt had a revenue of £20-33 million, it could be valued at £100 million, assuming a 3-5x revenue multiple.

2. How Much Revenue is Needed?

Target Valuation: £100 million.

Revenue Required: Assuming a revenue multiple of 3-5x:

At 3x revenue, Microsalt needs £33.3 million in annual revenue to hit a £100 million market cap.

At 5x revenue, Microsalt needs £20 million in annual revenue to hit a £100 million market cap.

3. How Much Market Share is Needed?

To find out how much of the food salt market Microsalt would need, we can calculate the required market share:

Global Food Salt Market: Assume a size of $9-12 billion, which is roughly £7.3-9.7 billion (using £1 = $1.23 exchange rate).

Revenue Target: £20-33.3 million.

The required market share is:

Market Share

=

Revenue Target

Food Salt Market Size

Market Share=

Food Salt Market Size

Revenue Target

​

For a £20 million revenue target (5x revenue multiple):

Market Share

=

£

20

 million

£

7.3

−

9.7

 billion

=

0.21

%

−

0.27

%

Market Share=

£7.3−9.7 billion

£20 million

​

=0.21%−0.27%

For a £33.3 million revenue target (3x revenue multiple):

Market Share

=

£

33.3

 million

£

7.3

−

9.7

 billion

=

0.34

%

−

0.46

%

Market Share=

£7.3−9.7 billion

£33.3 million

​

=0.34%−0.46%

4. Conclusion

To achieve a market cap of £100 million, Microsalt would need to capture roughly 0.2-0.5% of the global food salt market. Given the growing demand for healthier, low-sodium alternatives, this is a realistic goal, especially if Microsalt can establish itself as a leader in the reduced-sodium space and gain traction with large food producers.

Hi TopCatz, October 2nd is only 1 week away so it would still mark a significant return. Longer term i am more optimistic too but lets get to 10p and go from there :)

The speed and ease with which they have got this IPO off the ground has to be promising.

Who knows, maybe your golden cross may reappear!

I agree TopCatz, i expect it to create some buzz. A bit different from the others in terms of profitability, low R&D requirements, and modest valuation. AI is hot too.

Things are definitely looked brighter than a few weeks ago and the SP has not caught up yet. Expect above 10p SP for TEK after the IPO in October.

It is true that SALT has fallen since the reporting period. Shouldn't overlook that GenAI was recorded at a £191k value where as it is expected to IPO at £4million. Would also expect it to be received quite well by the market and could go up a fair bit after it lists.

Interesting with LUCY as well. I think we discussed previously the likelihood of buyouts and seems to be what is underway with LUCY. With steep undervaluations and easing financial conditions could be ripe period for more IPOs..

I must admit it made me laugh when they talked about how much they cared about shareholder value!

I think someone should do this with TEK. Could become the majority shareholder with £6 million and could give Cliff the boot. Can't be difficult to run the fund better than Cliff.